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Fleetcor Technologies Inc - FLT STOCK NEWS

Welcome to our dedicated news page for Fleetcor Technologies (Ticker: FLT), a resource for investors and traders seeking the latest updates and insights on Fleetcor Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fleetcor Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fleetcor Technologies's position in the market.

News
FLEETCOR Announces Rebranding to Corpay
Rhea-AI Summary
FLEETCOR Technologies, Inc. rebrands as Corpay, Inc., with a new ticker symbol CPAY on NYSE, reflecting its corporate payment solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
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News
FLEETCOR Announces Rebranding to Corpay
Rhea-AI Summary
FLEETCOR Technologies, Inc. (NYSE: FLT) announces rebranding to Corpay, effective March 25, 2024, with a new ticker symbol CPAY. The name change aligns with the Company's focus on corporate payment solutions. Ron Clarke, CEO, emphasizes the shift in branding strategy. Key facts include being an S&P 500® company, serving 800,000+ global business customers, 2023 revenues of $3.75 billion, leading B2B commercial Mastercard® issuer in North America, and recognition in Newsweek's Top 100 Most Loved Workplaces®.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
none
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News
FLEETCOR Invests in Brazilian Vehicle Payments Company
Rhea-AI Summary
FLEETCOR Technologies, Inc. (NYSE: FLT) closes majority investment in Zapay, expanding its Vehicle Payments business in Brazil to 9 million drivers. Zapay, Brazil's first digital mobility solution, offers payment services for vehicle taxes, registration, and tickets, with rapid revenue growth of over 60% annually. FLEETCOR has the right to acquire the remainder of Zapay in four years, aiming for cross-selling opportunities and business expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
none
News
FLEETCOR to Participate in Upcoming Investor Conferences
Rhea-AI Summary
FLEETCOR Technologies, Inc. (FLT) will participate in key investor conferences in February and March 2024, including Bank of America Financial Services Conference, Citi 13th Annual FinTech Conference, and Raymond James 45th Annual Institutional Investor Conference. Investors can access the presentations via the company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
conferences
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News
FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares
Rhea-AI Summary
FLEETCOR Technologies, Inc. (NYSE: FLT) successfully closed on an amendment to its credit facilities, resulting in a $600 million increase in capacity. The company increased its revolver from $1.5 billion to $1.775 billion and its borrowings under its Term Loan A facility by $325 million. The amendment is leverage neutral and will be used to drive earnings growth through M&A and stock repurchasing in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.2%
Tags
buyback
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News
FLEETCOR® Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
FLEETCOR Technologies, Inc. (FLT) reported record annual revenues and earnings for 2023, with a 10% increase in revenues and 13% increase in EBITDA. The company also plans to repurchase $800 million of shares in 2024. However, there were pockets of softness in some U.S. businesses, impacting fourth-quarter revenue and adjusted earnings per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.2%
Tags
earnings
News
Corpay Unveils End-to-End Spend Management Solution, Corpay Complete
Rhea-AI Summary
Corpay, a FLEETCOR brand, has launched Corpay Complete, a spend management platform for corporate payments and spending. The platform integrates corporate cards, expense reimbursements, accounts payable automation, and supplier payments into one mobile-ready solution. It aims to simplify the corporate spending process and provides a centralized hub accessible by multiple profiles. The platform also offers various functions such as purchase order automation, invoice automation, supplier management, payments, corporate card, virtual cards, expense management, and U.S. & International payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
none
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News
FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2023 Results on February 7, 2024
Rhea-AI Summary
FLEETCOR Technologies, Inc. (NYSE: FLT) will host a conference call to discuss Q4 and fiscal year 2023 financial results on February 7, 2024. The call will be led by CEO Ron Clarke, CFO Tom Panther, and investor relations head Jim Eglseder. A press release with financial results will be issued after the market close on the same day. The call will be webcast live and accessible via phone, with a replay available until February 14, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
earnings
-
News
Corpay Cross-Border Named the Official FX Partner for Cricket Ireland
Rhea-AI Summary
Corpay1, a FLEETCOR brand, has entered into an agreement with Cricket Ireland to become their Official Foreign Exchange Partner, providing access to currency risk management and cross-border payments solutions. This partnership will allow Cricket Ireland and their business partners to utilize Corpay's innovative solutions to mitigate foreign exchange exposure and manage global payments from a single point of access.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
News
CLC Lodging Launches Updated Portal for Hotel Partners
Rhea-AI Summary
CLC Lodging (FLEETCOR) Launches Updated Online Hotel Portal to Streamline Check-In and Improve Guest Experience
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
none
Stock FLT logo
Fleetcor Technologies Inc

NYSE:FLT

FLT Rankings

N/A Ranked by Market Cap
#942 Ranked by Stock Gains
N/A Ranked by Dividends

FLT Stock Data

21.79B
69.36M
1.56%
Financial Transactions Processing, Reserve, and Clearinghouse Activities
Finance and Insurance
Link
US
Atlanta

About FLT

fleetcor is a leading global provider of fuel cards and specialized payment products to businesses. fleetcor's payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. fleetcor serves over 500,000 commercial accounts with millions of cardholders across the united states, canada, mexico, europe, africa and asia. for more information, please visit www.fleetcor.com. we have developed an extremely successful company based on our core principles; determination, drive, outstanding value, industry leading products, and quality people. as a result fleetcor has grown more than 40% over the last 10 years and is the world's largest provider of commercial fleet card programs. through our organic growth initiatives, strategic acquisitions, and solid business acumen, that growth will continue. to maintain our top position in the industry, it is vital to continual